The free convertibility of RMB is one of the ultimate goals of the reform of foreign exchange management system announced by China, and it is also the basic premise to realize the RMB exchange rate system based on market supply and demand. At the end of 2006, the central bank of China put forward the slogan of "storing foreign exchange for the people", which was almost equivalent to announcing that RMB was on the road of full convertibility. Try to analyze the conditions, urgency and factors that hinder the free convertibility of RMB in China and its influence on China.

It can be discussed from the following aspects:

1) The significance of RMB convertibility.

2) Conditions for the free convertibility of RMB.

3) The urgency of RMB convertibility.

4) Factors that hinder the free convertibility of RMB in China.

The influence of RMB convertibility on China's economy.